Elon Musk has a “fixer” who, among other jobs, helped design his $44 billion takeover bid for Twitter, according to a report.
Jared Birchall, 47, is considered the right-hand man of the richest man in the world. The former Merrill Lynch banker manages Musk’s family office, Excession LLC, which manages his $264 billion fortune, as well as Musk’s personal affairs.
He is also reported to have unearthed Musk’s enemies, including British cave diver Vernon Unsworth, who sued the billionaire tycoon for defamation after calling him a “fart.” Unsworth helped rescue Thai children trapped in a cave in 2018.
Birchall made headlines earlier this week when he told an associate that Twitter’s move to ban Donald Trump over the Jan. 6 Capitol riots was “insane,” according to The Wall Street Journal.
Birchall was also the man who led negotiations with several investors who pledged to put up more than $7 billion in stock to buy Twitter, according to Bloomberg News.
Binance, the cryptocurrency exchange that has pledged $500 million for Musk’s takeover bid, said it dealt with Birchall during the process. Oracle co-founder Larry Ellison, the seventh richest person with a net worth valued at $105.7 billion. is willing to invest $1 billion, while Sequoia has pledged $800 million, an SEC filing shows.
Birchall’s job description also includes managing Musk’s hectic personal and professional schedule. It is Birchall who must organize Musk’s trips on a private jet, as well as the billionaire’s security team.
Birchall is also tasked with hiring nannies to care for Musk’s children. Musk and Canadian pop singer Grimes are the parents of two children aged two and two months. Musk also has five other children from his previous marriage to Canadian author Justine Wilson.
According to Bloomberg, Birchall began his career in finance at Goldman Sachs after graduating from Brigham Young University.
In 2000, he moved to Los Angeles, where he took a job with Merrill Lynch in their private wealth division. A regulatory filing stated that Birchall was fired from Merrill Lynch for “sending correspondence to a client without management approval.”
In 2010, he was hired by Morgan Stanley, where he gained a reputation for knowing how to handle the fortunes of the rich, according to Bloomberg.
Birchall also helps Musk juggle running his companies (Tesla, SpaceX, brain implant firm Neuralink and The Boring Company), as well as a vast real estate portfolio that includes properties in California. At one point, Birchall was even listed as CEO of Neuralink, though Musk appears to have taken over the role more recently.
For his work, Birchall has been reported to earn a salary of between $1 million and $3 million per year.
When Tesla opened a major factory in Austin, Texas, Musk moved his family office there as well. Birchall also took down bets and bought a $2.25 million home in Austin in 2020, according to Bloomberg.
In 2018, Musk directed Birchall to find damaging information about Unsworth, who criticized Musk’s suggestion to use a SpaceX submarine to rescue children trapped in Thailand.
Birchall testified in court that he hired a scammer claiming to be a private investigator.
Musk won in court and was not found liable for defamation.